Capable Cleaners deposits all receipts in the bank each evening and makes all payments by check....

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Capable Cleaners deposits all receipts in the bank each evening and makes all payments by check. On March 31 its ledger balance of cash is $983.40. The bank statement balance of cash as of March 31 is $1,176.53. You are given the following information with which to reconcile the bank statement: A bank debit memo for service charges, $5. a. b. A deposit of $198.50 was placed in the night depository on March 31 and did not appear on the bank statement. The reconciliation for February, the previous month, showed two checks outstanding on February 28: Ck. No. 332 for $18 and Ck. No. 333 for $138.60. Ck. No. 333 was returned with the March statement; however, Ck. No. 332 was not returned. c. d. A bank debit memo for a $4.17 NSF check written by L. Long. Checks no. 352 for $141.15, no. 355 for $17.50, and no. 356 for $215.15 were written during March but were not returned by the bank. The canceled checks were compared with the entries in the check register, and it was observed that Ck. No. 348 for $56 was written correctly, payable to Glyn Company, a e. f. creditor, but was recorded in the checkbook as $65. Instructions: Prepare a bank reconciliation as of March 31, assuming that the debit and credit memos have not been recorded. 1. 2. Record the necessary entries in general journal form. Capable Cleaners deposits all receipts in the bank each evening and makes all payments by check. On March 31 its ledger balance of cash is $983.40. The bank statement balance of cash as of March 31 is $1,176.53. You are given the following information with which to reconcile the bank statement: A bank debit memo for service charges, $5. a. b. A deposit of $198.50 was placed in the night depository on March 31 and did not appear on the bank statement. The reconciliation for February, the previous month, showed two checks outstanding on February 28: Ck. No. 332 for $18 and Ck. No. 333 for $138.60. Ck. No. 333 was returned with the March statement; however, Ck. No. 332 was not returned. c. d. A bank debit memo for a $4.17 NSF check written by L. Long. Checks no. 352 for $141.15, no. 355 for $17.50, and no. 356 for $215.15 were written during March but were not returned by the bank. The canceled checks were compared with the entries in the check register, and it was observed that Ck. No. 348 for $56 was written correctly, payable to Glyn Company, a e. f. creditor, but was recorded in the checkbook as $65. Instructions: Prepare a bank reconciliation as of March 31, assuming that the debit and credit memos have not been recorded. 1. 2. Record the necessary entries in general journal form.

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